Representatives of former US President Donald Trump’s family are holding talks with the cryptocurrency exchange Binance regarding a potential stake purchase.
Talks with Binance
According to The Wall Street Journal, Binance reached out to Trump's family representatives in 2024 with a business deal offer. This might be part of a plan to resume Binance.US operations in the United States. It's mentioned that Binance's founder, Changpeng Zhao, is working on regaining his position in the country after serving a four-month prison term.
Possible Deal Options
Sources suggest options include Trump taking a stake in Binance through World Liberty Financial, a Trump-backed crypto venture launched in September. It remains unclear how the deal would conclude and if it's contingent on a pardon for Zhao.
Trump's Role in Crypto
Donald Trump has emerged as the US's first 'crypto president', launching his official memecoin (TRUMP) just days before returning to the White House on January 20, 2025. His wife Melania also launched her own cryptocurrency, while son Eric is actively promoting Bitcoin and broader crypto adoption.
The story is still developing, and further details on the Trump-Binance deal may emerge soon.
